The Relative Strength (RS) Rating for Royal Bank of Canada entered a higher percentile Tuesday, as it got a lift from 70 to 74.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves. See if Royal Bank of Canada can continue to rebound and clear that threshold.
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While the stock is not near a proper buying range right now, see if it manages to form and break out from a proper consolidation.
Earnings growth declined in the most recent report from 12% to 5%. But revenue moved higher, from 1% to 14%.
Royal Bank of Canada earns the No. 12 rank among its peers in the Banks-Money Centers industry group. Goldman Sachs, Deutsche Bank and Banco Bilbao Vizcaya ADR are among the top 5 highly rated stocks within the group.
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